`Reaganomics' Making A Comeback In The '90s

April 25, 1995

As Yogi Berra said, "It's deja vu all over again."The Republicans are at it again and former Reagan budget director David Stockman must be having a ball watching them make fools of the American public all over again.

Back in the '80s they pushed through the biggest wealth transfer of the century by taking from the poor and middle class and giving to the rich and privileged. While doing it, they saddled the American public with $4 trillion in public debt. Stockman even admitted later that the chief focus of the tax cuts was for the rich and famous. Back then the Democrats, who only controlled the House of Representatives, bore some of the responsibility by rolling over and playing dead and allowing the Reagan plan to sail through the House without meaningful opposition.

Today the Democrats better stand up and be counted. This new tax cut is almost totally weighed in favor of people making over $100,000 a year and big companies and corporations. It even repeals the minimum tax plan that was put into effect to make sure that large corporations would have to pay at least some tax. How can anyone say that people who make $200,000 a year are "middle class?" The average Joe is lucky to make $30,000 a year. Sure they threw in a few crumbs for the senior citizen. That way they can divert everyone's attention from the real thrust of the bill which is to take care of their wealthy friends.

Don't forget, our own Rep. E. Clay Shaw is one of the chief architects of this plan.